Dana Incorporated

Dana, Inc. engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks. The Commercial Vehicle segment consists of drivetrain and tire-pressure management systems, as well as genuine service parts for medium and heavy-duty commercial vehicles. The Off-Highway segment offers drivetrain systems and individual product solutions under the Spicer brand, and motion systems for associated machine working functions and stationary industrial equipment under the Brevini brand. The Power Technologies segment consists of sealing solutions and thermal management technologies for reducing fuel consumption and emissions. The company was founded by Clarence W. Spicer on April 1, 1904 and is headquartered in Maumee, OH.

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Dana posts record sales in 2022, eyes EV market leadership

Dana's strong financial performance in 2022, with record sales and EBITDA, showcases resilience and growth amidst challenges.
The company's strategic focus on powertrain electrification and EV programs positions them well for future success and market leadership.
While facing challenges like inflation and margin targets, Dana's investments and capabilities in the EV market offer opportunities for growth and sustainability.
Overall, Dana's outlook for 2023 is optimistic, with expectations of continued growth, improved operating environment, and a focus on customer satisfaction and technology.

Dana Inc. reports record Q1 sales and profitability growth

Dana Inc. delivered strong Q1 performance with record sales and improved profitability. Despite challenges, the company is well-positioned for growth with a focus on sustainability and electrification. Opportunities lie in continued demand, margin improvement, and stable customer relationships.

Dana Inc. reports strong Q2 earnings amidst electrification drive

Dana Incorporated's Q2 2023 earnings call reflects robust financial performance, strategic focus on electrification, and challenges from inflation and supply chain disruptions. The company's strong sales, EBITDA growth, and focus on long-term transformation underscore its resilience and adaptability in a changing market landscape. Dana's commitment to electrification and strategic positioning bode well for future growth and profitability.

Dana Inc. reports solid Q3 performance amidst challenges and opportunities

Dana Incorporated showed resilience in Q3 with sales growth and improved earnings, despite challenges from the UAW strike and margin pressures.
Operational efficiency and successful program launches were key strengths, while cautious guidance adjustments reflect a strategic response to uncertainties.
The company's focus on commercial vehicle electrification and historical seasonality strengths provide avenues for future growth and stability.
Navigating challenges with a steady financial progress across all units showcases Dana's ability to adapt and succeed in a dynamic market.

Dana Inc. reports robust 2023 sales, eyes growth in EV market

Dana Incorporated's strong 2023 performance and optimistic outlook for 2024 reflect resilience and growth potential. Despite challenges from the UAW strike and EV program delays, the company is strategically positioned to capitalize on customer demand and efficiency improvements. Dana's focus on a balanced mix of ICE and EV programs aligns with market trends and long-term targets.

Dana Inc. reports robust Q1 earnings, eyes growth amid challenges

Dana Inc. delivered strong Q1 results with sales growth, improved EBITDA, and enhanced free cash flow. Despite challenges like supply chain disruptions and rising costs, the company remains resilient and focused on strategic planning. Opportunities lie in business environment improvements and innovation recognition.

Dana Inc. reports robust Q2 earnings amidst EV market shifts

Dana Incorporated's Q2 2024 performance reflects solid sales and EBITDA driven by core business strength and efficiency improvements.
Despite a slight decrease in free cash flow, the company maintains a positive outlook with adjusted sales and profit estimates.
Challenges include timing differences affecting cash flow, while opportunities exist in market share gains and winning new business across different vehicle segments.

Dana reports Q3 sales decline, maintains profitability amid industry shifts

Dana navigated challenges of softening demand for electric vehicles and internal combustion engine vehicles, impacting sales in Q3 2024.
Despite sales reductions, Dana maintained profitability and achieved profit margin expansion through outstanding operational execution.
The company's focus on in-house hybrid and electric vehicle capabilities positions it well for future growth and innovation in the evolving automotive industry.

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HANNOVER, Germany , Nov. 14, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that the company's advanced drive technologies are used on two of the winners in the "Tractor of the Year 2024" awards competition. Featuring a high-performance Spicer® suspended steer axle, the Fendt e 107 V Vario earned the top honor in the "Sustainable Tractor of the Year" category, while high-precision shifting solutions are used in the transmissions of the McCormick X5.120 P3-Drive, the winner of the "Best Utility" award.

Advanced Drive Technologies from Dana Support Sustainability, Performance of 'Tractor of the Year 2024' Award Winners

HANOVER, Germany , Nov. 13, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the launch of a comprehensive vehicle design methodology for delivering complete, integrated suspension solutions for high-performance agriculture tractors. Introduced at Agritechnica, the world's leading trade fair for agriculture machinery, the initiative uses a sophisticated multiphysics approach to produce virtual prototypes that simulate real-world performance, helping to reduce development times and accelerate the introduction of new vehicles to market.

Dana Extends Leadership in Agriculture and Turf Management through New Systems for High-Performance Tractors, Electric Zero-Turn Mowers

Steven Miller Replaces Brett Icahn as Icahn Capital Board Designee in Connection with Previously Announced Agreement MAUMEE, Ohio , Nov. 13, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that Steven Miller has been appointed to the Dana board of directors, effective Nov. 9, 2023.  Mr. Miller will replace Brett Icahn as an Icahn Capital board designee, pursuant to the January 2022 Director Appointment and Nomination Agreement between Icahn Capital and Dana.

Dana Incorporated Appoints Steven Miller to Board of Directors

Dana Incorporated. (NYSE:DAN ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Craig Barber - Senior Director of Investor Relations and Strategic Planning James Kamsickas - Chairman and Chief Executive Officer Timothy Kraus - Senior Vice President and Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Colin Langan - Wells Fargo Dan Levy - Barclays Joseph Spack - UBS James Picariello - BNP Paribas Winnie Dong - Deutsche Bank Operator Good morning, and welcome to Dana Incorporated's Third Quarter 2023 Financial Webcast and Conference Call.

Dana Incorporated (DAN) Q3 2023 Earnings Call Transcript

MAUMEE, Ohio , Oct. 27, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Gabelli Funds 47th Annual Auto Symposium on Oct. 30, 2023.  Beginning at noon PDT (3 p.m.

Dana Incorporated to Participate in Gabelli Funds 47th Annual Auto Symposium

While the top- and bottom-line numbers for Dana (DAN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Dana (DAN) Q3 Earnings: A Look at Key Metrics

Dana (DAN) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.24 per share a year ago.

Dana (DAN) Q3 Earnings Top Estimates

Key Highlights Sales of $2.7 billion, an increase of $134 million or 5 percent over last year Net income attributable to Dana of $19 million, an increase of $107 million over last year Diluted EPS of $0.13; diluted adjusted EPS of $0.30, an increase of $0.06 per share over last year Adjusted EBITDA of $242 million, an increase of $50 million or 26 percent over last year Adjusted EBITDA margin of 9.1 percent, a 150 basis points improvement compared with last year MAUMEE, Ohio, Oct. 27, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the third quarter of 2023. "Dana had strong sales of $2.7 billion, and we improved our margin by 150 basis points in the third quarter despite the impact of the UAW strike on two of our key customers in our North American Light Vehicle business late in the quarter.

Dana Incorporated Reports 2023 Third-quarter Financial Results, Achieves Robust Sales and Profit Growth, Maintains Full-year Sales and Profit Guidance

The Zacks Consensus Estimate for Dana's (DAN) Q3 earnings and revenues is pegged at 12 cents per share and $2.69 billion, respectively.

Dana (DAN) to Report Q3 Earnings: Here's What to Expect

Dana (DAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Dana (DAN) to Report a Decline in Earnings: What to Look Out for

MAUMEE, Ohio , Oct. 12, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2023 third-quarter financial results on Friday, Oct. 27, 2023.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2023 Third-quarter Financial Results, Host Conference Call and Webcast on Oct. 27

There is significant uncertainty regarding the length and scope of the ongoing UAW strike. Dana Incorporated's consensus numbers are likely to be revised downwards in a meaningful way if there are unfavorable developments associated with the UAW strike in the future. I downgrade the rating for Dana Incorporated to a Hold, as I consider the company's fair valuation and the uncertain outlook.

Dana: Too Much Uncertainty (Rating Downgrade)

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UAW Strike Compromise Hopes Rise, Lifting Auto Stocks. But It Could Get Worse.

MAUMEE, Ohio , Sept. 28, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has earned the New Power Technology Award for its e-Driveline and e-Motion drivetrain solution at 2023 Diesel Progress Summit this week.

Dana Electrified Driveline Honored as Top New Power Technology at 2023 Diesel Progress Summit

Dana Incorporated (NYSE:DAN ) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Craig Barber - Senior Director of Investor Relations and Strategic Planning Jim Kamsickas - Chairman and Chief Executive Officer Timothy Kraus - Senior Vice President and Chief Financial Officer Conference Call Participants Tom Narayan - RBC Capital Markets Colin Langan - Wells Fargo Noah Kaye - Oppenheimer Ryan Brinkman - JPMorgan Dan Levy - Barclays Emmanuel Rosner - Deutsche Bank Operator Good morning, and welcome to Dana Incorporated's Second Quarter 2023 Financial Webcast and Conference Call. My name is Josh, and I'll be your conference facilitator.

Dana Incorporated (DAN) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Dana (DAN) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dana (DAN) Reports Q2 Earnings: What Key Metrics Have to Say

Dana (DAN) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.08 per share a year ago.

Dana (DAN) Beats Q2 Earnings and Revenue Estimates

Key Highlights Sales of $2.75 billion, an increase of $162 million or 6 percent over last year Net income attributable to Dana of $30 million, an increase of $22 million over last year Diluted EPS of $0.21; diluted adjusted EPS of $0.37, an increase of $0.29 per share Adjusted EBITDA of $243 million, an increase of $81 million or 50 percent over last year Adjusted EBITDA margin improved by 250 basis points compared with last year Free cash flow of $134 million MAUMEE, Ohio , July 28, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the second quarter of 2023. "Dana had another strong quarter, with sales of $2.75 billion and a 250-basis-point margin improvement," said James Kamsickas, Dana chairman and chief executive officer.

Dana Incorporated Reports Strong 2023 Second-quarter Financial Results, Company Raises Full-year Guidance

Dana Incorporated (DAN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DAN's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Dana (DAN) Now Trades Above Golden Cross: Time to Buy?

MAUMEE, Ohio , July 13, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named to the inaugural list of "America's Greatest Workplaces 2023" by Newsweek magazine. Dana was the only Tier One supplier focused primarily on mobility markets to make the list.

Dana Named One of Americas Greatest Workplaces by Newsweek Magazine

MAUMEE, Ohio , June 29, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2023 second-quarter financial results on Friday, July 28, 2023.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2023 Second-quarter Financial Results, Host Conference Call and Webcast on July 28

MAUMEE, Ohio , June 29, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) recently announced its 2022 Supplier Awards recipients. Thirteen companies representing six different countries were recognized for displaying excellence in supporting Dana's cost, quality, and delivery goals, as well as its "Powering into e-Drive" enterprise strategy.

Dana Announces Recipients of 2022 Supplier Awards

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Xponential Fitness

With Wall Street celebrating a bull market after a tremendous rally this year, it is essential to consider the opportunities ahead. The trending growth names are up quite a lot, and even with the bullish sentiment gaining even more momentum, I do not see them offering much upside potential here.

My Top 3 Growth Stock Picks for June 2023

MAUMEE, Ohio , June 7, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Deutsche Bank Global Auto Industry Conference on June 14, 2023. Dana's Senior Vice President and Chief Financial Officer Timothy Kraus will participate in a fireside chat beginning at 8:45 a.m.

Dana Incorporated to Participate in Deutsche Bank Global Auto Industry Conference

MAUMEE, Ohio , June 7, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named one of America's Climate Leaders 2023 by USA Today.  The list, compiled by the newspaper's research partner, Statista, recognizes the top 400 companies for their 2021 greenhouse gas (GHG) reduction performance against a 2019 baseline.

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